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Trusts also reduce the ease of challenges to your wishes, which is a part of probate court. Trusts Give You Control. With a trust, you can leave specific instructions for the distribution of your ...
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• Ohio (ended in 1991) ... the probate court will hold the funds until their 18th birthday. Instead, you can set up a trust to specify exactly how and when your children receive the money ...
The requirements for testamentary capacity are minimal. Some courts have held that a person who lacked the capacity to make a contract can nevertheless make a valid will. . While the wording of statutes or judicial rulings will vary from one jurisdiction to another, the test generally requires that the testator was aware
Probate is a process where the decedent's purported will, if any, is entered in court, after hearing evidence from the representative of the estate, the court decides if the will is valid, a personal representative is appointed by the court as a fiduciary to gather and take control of the estate's assets,
A probate court (sometimes called a surrogate court) is a court that has competence in a jurisdiction to deal with matters of probate and the administration of estates. [1] In some jurisdictions, such courts may be referred to as orphans' courts [ 2 ] or courts of ordinary.
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